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Korean stocks gain after losing US$100 bil to political crisis

Bloomberg
Bloomberg • 1 min read
Korean stocks gain after losing US$100 bil to political crisis
South Korean equities rose on Tuesday, seeking their first daily advance since last week’s short-lived martial law thrust the country into political turmoil. Photo: Bloomberg
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South Korean equities rose on Tuesday, seeking their first daily advance since last week’s short-lived martial law thrust the country into political turmoil. 

The Kospi Index rose as much as 2% in early trading, after recent losses pushed the benchmark to the brink of bear market territory.

The small-cap Kosdaq gauge jumped nearly 4%. The aggregate market value of companies included in the two gauges declined by US$100 billion ($134 billion) in four sessions through Monday.  

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